EIB spends heavy on clean transport in latest investment round

The European Investment Bank (EIB) zoomed in on supporting sustainable transport in Europe, it said on Wednesday, earmarking a fifth of its latest investment round for rail, urban and electric transport projects.

The board of directors of the EU bank, headquartered in Luxembourg, gave the green light for a total of €4.8 billion in new investments in transport, business, energy and housing in Europe and Africa.